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Chugoku Electric Power Co (TSE:9504) Equity-to-Asset : 0.14 (As of Dec. 2023)


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What is Chugoku Electric Power Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Chugoku Electric Power Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円588,440 Mil. Chugoku Electric Power Co's Total Assets for the quarter that ended in Dec. 2023 was 円4,139,671 Mil. Therefore, Chugoku Electric Power Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.14.

The historical rank and industry rank for Chugoku Electric Power Co's Equity-to-Asset or its related term are showing as below:

TSE:9504' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11   Med: 0.18   Max: 0.2
Current: 0.15

During the past 13 years, the highest Equity to Asset Ratio of Chugoku Electric Power Co was 0.20. The lowest was 0.11. And the median was 0.18.

TSE:9504's Equity-to-Asset is ranked worse than
87.58% of 443 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.4 vs TSE:9504: 0.15

Chugoku Electric Power Co Equity-to-Asset Historical Data

The historical data trend for Chugoku Electric Power Co's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chugoku Electric Power Co Equity-to-Asset Chart

Chugoku Electric Power Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.19 0.17 0.11 0.15

Chugoku Electric Power Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.12 0.14 0.14 0.15

Competitive Comparison of Chugoku Electric Power Co's Equity-to-Asset

For the Utilities - Renewable subindustry, Chugoku Electric Power Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chugoku Electric Power Co's Equity-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Chugoku Electric Power Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Chugoku Electric Power Co's Equity-to-Asset falls into.



Chugoku Electric Power Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Chugoku Electric Power Co's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )=Total Stockholders Equity/Total Assets
=604871/4133265
=0.15

Chugoku Electric Power Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=588440/4139671
=0.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Chugoku Electric Power Co  (TSE:9504) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Chugoku Electric Power Co Equity-to-Asset Related Terms

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Chugoku Electric Power Co (TSE:9504) Business Description

Traded in Other Exchanges
Address
4-33 Komachi, Naka-ku, Hiroshima-shi, JPN, 730-8701
Chugoku Electric Power Company, Inc. is a Japanese electric utility company primarily serving the industrial region of Chugoku on the western end of Japan's main island of Honshu. The company is involved in the generation, transmission, distribution, and supply of energy. Chugoku Electric owns and operates a portfolio of thermal, nuclear, and hydroelectric power plants located primarily in its home region. While most of these energy-generating facilities are hydroelectric, the vast majority of the company's total energy production comes from its thermal sites. Chugoku Electric generates revenue mainly from the sale of electric power to commercial and industrial customers in Chugoku. The company also owns assets and offers consulting and training services throughout Southeast Asia.

Chugoku Electric Power Co (TSE:9504) Headlines

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